2023 SGD to QAR Historical Review

YEARLY HIGH

2.7928 QAR

YEARLY LOW

2.6505 QAR

YEARLY AVERAGE

2.7134 QAR

2023 SGD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 2.7928. Conversely, the yearly low was recorded on October 18, dropping to 2.6505.

This high-to-low spread represents a total annual volatility of 0.1422 QAR. From a start-to-finish perspective, comparing the January average rate of 2.7511 to the December average rate of 2.7376, the exchange rate registered a net change of -0.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7928 was up 2.51% compared to the 2022 peak of 2.7244, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SGD based on timing:

Yearly Peak High 13,964 QAR

2022 Average 13,219 QAR

Yearly Trough Low 13,253 QAR

Transaction Impact: A difference of 711.18 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7600

2.6523

JanuMarcMayJulySeptNove

SGD to QAR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 2.7277, compared to 2.6990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0287 points.

H1 Avg (Jan–Jun) 2.7277

H2 Avg (Jul–Dec) 2.6990

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0957 QAR (High: 2.7928 / Low: 2.6970). On the other end, October was the most stable month, with a tight range of 0.0244 QAR (High: 2.6749 / Low: 2.6505).

February Spread (Volatile) ±0.0957

October Spread (Stable) ±0.0244

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0296 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0296

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.7359) against the same month in 2022 (average: 2.7027), the exchange rate shifted by +0.0332 (+1.23%).

2023 Avg (February) 2.7359

2022 Avg (February) 2.7027

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7895	2.7057	2.7511
February	2.7928	2.6970	2.7359
March	2.7619	2.6880	2.7198
April	2.7772	2.6951	2.7369
May	2.7486	2.6875	2.7175
June	2.7261	2.6845	2.7054
July	2.7561	2.6909	2.7270
August	2.7279	2.6763	2.6974
September	2.6948	2.6520	2.6713
October	2.6749	2.6505	2.6613
November	2.7370	2.6675	2.6995
December	2.7660	2.7093	2.7376